April 28, 2021 | 08:00
Facing challenges from local rivals, some foreign financial institutions have withdrawn their retail banking businesses in Asian markets, including in Vietnam, and placed their priority on institutional customers.
April 27, 2021 | 20:00
Banking giant Citigroup has decided to shut down its retail division in 13 markets, including Vietnam, to reset focus on institutional clients. Kent Wong, partner, head of Banking and Capital Markets at VCI Legal, explained to VIR’s Celine Luu why some foreign lenders are withdrawing, and how fierce the competition between international and locally-invested banks is in Vietnam.
April 17, 2020 | 21:20
Credit ratings provider Fitch Ratings has downgraded its outlook on four local and one foreign bank in Vietnam – Vietcombank, VietinBank, MB, ACB, and ANZ.
May 15, 2019 | 09:38
Vietnam has come a long way since the doi moi reforms. Its success in attracting foreign direct investment has been evident. With the right policies and implementation, Vietnam can remain a magnet for the right type of FDI that will help push the economy
January 23, 2019 | 09:03
The former head of the customer relations department at ANZ’s South Sai Gon branch, Nguyen Pham Gia Tho, appropriated over VND91 billion ($3.95 million).
November 14, 2018 | 17:44
HSBC and ANZ named 13 companies in a series of frauds costing the banks $13 million, leading to the prosecution of dozens of defendants and eight companies.
November 12, 2018 | 09:23
ANZ has celebrated its 25th anniversary in Vietnam, expressing further committed to journey along with the country in the next 25 years and after.
August 13, 2018 | 12:20
ANZ today announced the appointment of Jodi West as CEO Vietnam, reporting to Farhan Faruqui, ANZ Group executive, International.
July 02, 2018 | 10:00
Vietnam has witnessed a condensed fluctuation in its exchange rate over the past few weeks as a result of the strengthened greenback, but the ongoing trade tension between the US and China does not look likely to harm the country’s economy - in fact, signs show the opposite.
June 28, 2018 | 16:31
ANZ and Saigon Children’s Charity CIO (saigonchildren) today announced the completion of ‘Project 3E’ (Educate, Enrich and Employ) with the opening of Thuan Hoa 2 Primary School and Thuan Hoa Kindergarten.
June 05, 2018 | 19:14
While most of the emerging markets in Asia has increased its overall spending on health as a share of GDP since 2000, Cambodia and Vietnam has trimmed their allocations to health.
May 19, 2018 | 09:26
Australian bank ANZ has sold its majority stake in a Cambodian joint venture to Japanese financial firm J Trust as it shifts focus away from Asia and onto core assets.
April 10, 2018 | 11:30
ANZ has been named “Best Trade Finance Bank in Vietnam” in The Asset’s Triple A Treasury, Trade, Supply Chain and Risk Management Awards 2018.
February 16, 2018 | 09:00
Managing the wealth of well-off people could be a pleasantly profitable business for banks this year, as the number of the rich is growing alongside the strong performance of the local economy.
February 05, 2018 | 09:41
Surfing the first wave of FDI inflows in the early 1990s never seemed enough for ANZ Vietnam. The lender has now chosen to focus all its resources on institutional banking, to continue catering to its clients and leveraging the opportunities arising from the current FDI growth in the country.